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Applied to Coventry, need back up plan?
Removed for privacy, thanks.
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Payrise whilst buying house
We are currently buying a house we put our offer in on 7th jan, but the home buyers survey refused to provide a valuation without a structural survey. We now have the structural survey done, the valuation and the mortgage offer, and should be able to go ahead soon (simple purchase we're ftb and they have moved out). In the…
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Help to Buy Agents - Equity Loan
Just received an email from Catalyst Housing who are the Help to Buy Agent for Bucks, Berks, Oxon and Milton Keynes. They will not be accepting any further help to buy applications after Monday as there will be a new Help to Buy Agent. The new provider has not yet been named!
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mortgage and switching banks
Hi, I have a business bank account with Lloyds and also have my home mortgage through them. I am thinking of switching my business account as I can get a deal I believe would be better for my business from elsewhere. My mortgage deal ran out 5 years ago so I was switched to the standard variable. The rate I get now is far…
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Why are mortgage rates so high?
Current base rate: 0.5%. My mortgage: 4%. Best I can do at MoneySupermarket: 3.5%. This is eight and seven times the current base rate respectively, or base rate+3/3.5%. Used to be you could get mortgages at base+0.5%. So my current mortgage costs me £550/month at 4%, but the bank only has to pay 1 eighth of that, i.e.…
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Low LTV but no-one will take my application
Im a director of my company, with a 50% share. I currently have a mortgage with Santander. Im looking to move, but keeping the same amount on the mortgage. Santander say I need to be considered as a new customer...so... They say they need: 1) Business accounts signed by registered accountant, or 2) SA302 for 3 years I…
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Halifax credit check
Hi I went to the Halifax today to get an Mortgage Promise. They agreed to lend me a more than adequate amount but said that due to my credit score I would have to put down a minimum of 15% deposit. I was hoping to apply for a mortgage with a 10% deposit. Anyway, that bit aside, they said the reason my credit score was not…
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Well DoneSantander
Just thought I would say well done to Santander for looking after their existing mortgage customers for a change. I have been with Santander for the past 12 years, always on a 2 year or 5 year fixed rate, it was never the best deal on the market for existing customers but for the hassle of a 15 minute call vs endless paper…
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Revised mortgage offer
Hi. Hope someone can advise me as having a bit of a stress out. I got my mortgage offer from Halifax last month but since then the purchase price of the house I am buying has changed due to a number of circumstances (it is actually increasing). I do not wish to borrow the extra as I am able to increase my deposit in order…
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Valuation lower than offer
Had our valuation done yesterday, halifax rang today to say they had valued it at 3k less than the offer price of £100,000. We have been in touch with the seller (private sale) and they have agreed to take the valuation price of £97,000. Does anyone know what happens now, will halifax just send me an offer on the price…
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halifax
does anyone know which credit report/s halifax check when doing a search?
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Self employed and Mortgage Calculators?
Hi all, a recent post by another member jogged my memory and I wanted to ask if anyone knows a reliable online mortgage calculator that can be used for the self employed? I ask because some (such as natwest) just ask for gross income, while others stipulate that for SE it must be based on the last 2 or 3 years average NET…
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money laundering checks when conveyancing
Hello, just a quick question regarding the forms of identity needed when completing the verification of identity. My wife has legally changed her name, but on her passport, driving licence and our council tax bill it is her maiden name. Does this matter ? thanks !
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problem with wage calculations for mortgage
Hope someone can offer some advice! My son (plumber) works for local council (past 18 months) as a "sub contractor" and goes through an "Umbrella company" to deal with his tax etc. He is classed as "employed" by the Umbrella Company. He has just been to see a Mortgage Broker about buying a house and they will only…
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Help to Buy Scotland & Stamp Duty
I'm looking at buying a new home (joint application), Help to Buy is available at the development and they are offering move-in dates in 2015. Ideal while I save a bit extra and pay off some debt. The property is selling at £315,000 so I'd be paying 3% stamp duty. So that's £9450 (correct?). I'm told, from others, that I…
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Do Woolwich Mortgages search Callcredit?
Hi all, new to the forum and really hoping you can help - bit long winded but hope you can help me. The short version is I would like to know if Woolwich Mortgages (Barclays) search your Callcredit report when you make a mortgage application. The long version explains the reason why! We have used a mortgage broker in order…
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Are these decent re-mortgage rates??
Hi there We are just approaching the end of a 5 year fixed rate of a whopping 5.59% which was on part repayment and part interest. Santander who is our lender has offered us the following rates based on a mortgage of £257,000 over a period of 17 years, our property is worth around £480,000-500,000. We may borrow an extra…
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Bridging loan?
Slightly complicated, please bear with! We own our home, which was mortgage free until three years ago when we took out a mortgage of £80k to buy a house for our son to rent from us, costing 90k. This worked well, son is now arranging to buy his own house. We are also looking to move. We have seen a house we would love to…
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Buying property and second charge
Hi Would below scenario work ? Person AAA buys a house. A month later they sell the house to person BBB at below market value. Person AAA then places a charge on BBBs place for the difference between the real value and the value sold at. A legal agreement would stipulate that AAA would only ever want their money back -…
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How many times joint salary is considered the maximum?
I know this can vary wildly, please no one shoot me :p Different sources say different things, and I find varying results on here, too, but would like to try and get a vague idea. From some bank's borrowing calculators we could apparently borrow up to 220K with 53K as a combined income (I take that with a huge pinch of…
